This post is part 3 of a series of posts called The Stoic Trader. In part 2, we briefly looked at Marcus Aurelius’ life and wisdom, and how trading is such a great opportunity for us to implement his stoic teachings. Today, we’ll do the same for Epictetus. Let us begin…Epictetus, The PragmaticEpictetus’ story is really fascinating. The
Today, we’ll look at Marcus Aurelius—aka the last good emperor of Rome—his life, mindstate, and how trading is a tremendous opportunity for us to implement his stoic teachings. This post is part 2 of a series of posts called The Stoic Trader. In the previous one, we looked at stoicism, what it is as a philosophy, and
In this article, I’ll discuss stoicism and how this philosophy can help you become a better trader from a trading psychology point of view –in other words, a stoic trader. But first, let me say this: when people usually think of philosophy, they think of dense books, confusing lectures, lengthy debates… So their eyes naturally glaze over. In
In this short post, I’d like to offer a teaching that can be very helpful in not losing yourself in what’s happening in your own thoughts and emotions, and in really cultivating a sense of detachment as a trader. It is particularly useful for us to become more aware of our hard-wired tendency to identify with
First, let me get this out of the way: this post is titled The Powerful Secret of Highly Successful Traders, but I’m using the word ‘secret’ here in more of a rhetorical way. It’s not really a secret, it’s more of a habit of mind that successful traders have, whether it’s been consciously developed or
A traders morning routine is a very important part of how he/she approaches the market. The typical trader’s mornings are often filled with busyness, chaos, noise, and anxiety. Often, time is wasted on trivial things; preparation is done at the last minute, and this sets the tone for an emotional approach to trading. The antidote to this